Scam corrupted computer
An FBI report shows that millennials, not the elderly, are most likely to lose money on investment-related frauds or scams.
  • Americans aged 30-49 are most susceptible to investment fraud, according to an FBI report.
  • People in the US lost $4.57 billion in fraudulent ventures in 2023, most of that from crypto scams.
  • Complaints and losses from investment scams have both skyrocketed over the past few years.

Millennials may not be sending their life savings to Nigerian princes, but that doesn't mean they can't be scammed.

Americans between the ages of 30 and 49 are the most likely group to be victims of investment fraud, according to a recent FBI report. That group reported over 13,000 complaints to the FBI's Internet Crime Complaint Center, or IC3, last year.